NOT LISTED FOR SALE

197 E 2nd St San Bernardino, CA 92408

Meadowbrook Neighborhood

Estimated Value: $478,000 - $625,000

6 Beds
4 Baths
2,535 Sq Ft
$225/Sq Ft Est. Value

Last Sold April 15, 2019

Last sale price $360,000 $142 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,334/month

4 Days on Market

Highlights

  • Mountain View
  • Granite Countertops
  • Double Pane Windows
  • Traditional Architecture
  • No HOA
  • 4-minute walk to Meadowbrook Recreation Park

About This Home

As of April 2019

*** TREMENDOUS INCOME OPPORTUNITY *** AT 2,535 sqft. OF LIVING SPACE AND MANY IMPORTANT UPGRADES MAKES THIS TRI-PLEX A HOME RUN!!! 1st UNIT BOASTING 3 BEDROOMS AND 2 BATHROOMS BUILT IN 2005, UPGRADED CABINETS, GRANITE KITCHEN, APPLIANCES, FIXTURES, SINK, LIGHTING, CEILING FANS, WINDOW BLINDS, DOORS, PAINT, TILE FLOORS, COPPER PLUMBING, CENTRAL AIR & HEATING. 2nd UNIT FEATURES 2 BEDROOMS 1 BATHROOM TILE COUNTER TOPS, APPLIANCES, FIXTURES, LIGHTING, TILE & CARPET FLOORS. 3rd UNIT IS A 1 BEDROOM 1 BATH UPGRADED BATHROOM WITH NEW TILE FLOORS, SINK, TOILET AND SHOWER. ALL UNITS STAND APART FOR PRIVACY AND ARE GATED AROUND FOR SECURITY. BONUSES INCLUDE DUAL PANE ENERGY EFFICIENT WINDOWS. EXCELLENT OPPORTUNITY FOR POSITIVE CASH FLOW!!! ALL UNITS ARE CURRENTLY RENTED WITH LONG TIME TENANTS. SUPER LOW MAINTENANCE HERE WITH MINIMAL LANDSCAPING! ALL THIS WITH DOWNTOWN WALKING DISTANCE, RESTAURANTS, SHOPPING, SCHOOLS, SECCOMBE PARK WITH THE LAKE, WALKING TRAILS, SAN MANUEL BASEBALL STADIUM AND MULTIPLE FREEWAY ACCESS MAKES THIS ONE A MUST HAVE!!!

Last Agent to Sell the Property

Chris Seibel

Realty Masters & Associates License #01362721 Listed on: 03/19/2019

Realty Masters & Associates

Last Buyer's Agent

Christopher Dumayas

MZ BROKERAGE INC. License #01954052

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 6,750 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Wood Fence
  • Level Lot
  • Back Yard
  • Density is 2-5 Units/Acre

Home Design

  • Triplex
  • Traditional Architecture
  • Modern Architecture
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 2,535 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Blinds
  • Family Room
  • Living Room
  • Mountain Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Parking Available
  • Paved Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 19
  • Tax Tract Number 58
  • Assessor Parcel Number 0135291160000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $215
  • Insurance Expense $1,314
  • Trash Expense $40
  • Water Sewer Expense $60
  • New Taxes Expense $2,459
  • Operating Expense $4,088
  • Gross Income $2,150
  • Net Operating Income $23,665

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 60.00
  • Architectural Style: Modern, Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 215.00
  • Parcel Number: 0135291160000
  • Year Built: 1946
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Copper Plumbing Partial, Granite Counters, Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 142.01
  • Room Type: All Bedrooms Down, Family Room, Kitchen, Living Room
  • Window Features: Blinds, Double Pane Windows, ENERGY STAR Qualified Windows

Exterior Features

  • Foundation: Slab
  • View: Mountain(s)
  • Fence: Yes
  • Fencing: Vinyl, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Drywall Walls, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Oven
  • Heating Type: Central, Wall Furnace, Forced Air, Natural Gas
  • Laundry Features: Individual Room, Inside
  • Sewer: Sewer Paid
  • Trash Expense: 40.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Back Yard, Level with Street
  • Lot Size Sq Ft: 6750.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2150.00
  • Gross Scheduled Income: 25800.00
  • Insurance Expense: 1314.00
  • Lot Size Area: 6750.0000 Square Feet
  • Net Operating Income: 23665.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 2135.00
  • Rent Control: No
  • Total Actual Rent: 2150.00
  • Total Expenses: 4088.00

Tax Info

  • New Taxes Expense: 2459.00
  • Tax Area: 7012
  • Tax Census Tract: 58.00
  • Tax Lot: 19
  • Tax Tract Number: 58

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
Golden Opportunity No 14 Lp
Bought by
Spssm Investments Iii Lp
Current Estimated Value
$557,373

Purchase Details

Listed on
Mar 19, 2019
Closed on
Mar 28, 2019
Sold by
Edwards Torri
Bought by
Golden Oppotunity No 14 Lp
Seller's Agent
Chris Seibel
Realty Masters & Associates
Buyer's Agent
Christopher Dumayas
MZ BROKERAGE INC.
List Price
$360,000
Sold Price
$360,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%

Purchase Details

Closed on
Nov 13, 2009
Sold by
Sorto Manuel and Hernandez Ana Maria
Bought by
Edwars Torri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,700
Interest Rate
4.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 2005
Sold by
Padilla Lilly A
Bought by
Sorto Manuel and Hernandez Ana Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,750
Interest Rate
7.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 18, 2005
Sold by
Garcia Narciso
Bought by
Padilla Lilly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,000
Interest Rate
7.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2004
Sold by
Trust Deeds To Gold Inc
Bought by
Padilla Lilly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
7.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2000
Sold by
Ritchie John C
Bought by
Trust Deeds To Gold Inc and Realty World Trudnich Realty Inc

Purchase Details

Closed on
Mar 5, 1999
Sold by
Grey Eagle Inc
Bought by
Ritchie John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 2, 1998
Sold by
Villanueva Carmen
Bought by
Grey Eagle Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
6.86%

Purchase Details

Closed on
Dec 31, 1993
Sold by
Villanueva Carmen
Bought by
Villanueva Carmen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Spssm Investments Iii Lp -- Orange Coast Title Co
Golden Oppotunity No 14 Lp $360,000 Chicago Title Company
Edwars Torri $155,000 Old Republic Title Glendale
Sorto Manuel $445,000 Lawyers
Padilla Lilly A -- North American Title Co
Padilla Lilly A $154,500 --
Padilla Lilly A -- --
Trust Deeds To Gold Inc $124,851 Orange Coast Title
Ritchie John C $145,000 Commonwealth Land Title Co
Grey Eagle Inc $51,000 Commonwealth Land Title Co
Villanueva Carmen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Edwars Torri $100,700
Previous Owner Sorto Manuel $333,750
Previous Owner Padilla Lilly A $283,000
Previous Owner Padilla Lilly A $124,000
Previous Owner Ritchie John C $116,000
Previous Owner Grey Eagle Inc $87,000
Closed Ritchie John C $21,750
Closed Padilla Lilly A $31,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2019 04/15/19 Sold $360,000 0.0% $142 / Sq Ft
03/23/2019 03/23/19 Pending -- -- --
03/19/2019 03/19/19 For Sale $360,000 -- $142 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,067 $401,587 $100,397 $301,190
2024 $5,067 $393,712 $98,428 $295,284
2023 $4,941 $385,992 $96,498 $289,494
2022 $4,951 $378,424 $94,606 $283,818
2021 $4,962 $371,004 $92,751 $278,253
2020 $4,977 $367,200 $91,800 $275,400
2019 $2,487 $179,357 $17,357 $162,000
2018 $2,459 $175,841 $17,017 $158,824
2017 $2,384 $172,393 $16,683 $155,710
2016 $2,312 $169,013 $16,356 $152,657
2015 $2,205 $166,474 $16,110 $150,364
2014 $2,144 $163,213 $15,794 $147,419
Source: Public Records

Agents Affiliated with this Home

  • Chris Seibel

    Seller's Agent in 2019

    Chris Seibel

    Realty Masters & Associates

    (909) 576-1595

    36 Total Sales

    Chris Seibel
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG19051510

California Regional Multiple Listing Service (CRMLS)

APN: 0135-291-16

California San Bernardino County San Bernardino 92408 Meadowbrook

197 E 2nd St, San Bernardino, CA

Not Listed for Sale

MultiFamily

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